Preparing Statement of Cash Flows The accounting records of Zale Inc. provided the following data for the current year. Balance Sheet, December 31 Prior Year Current Year Difference Cash $200 $530 $330 Accounts receivable 600 400 (200) Merchandise inventory 200 600 400 Equipment, net 3,600 4,200 600 Total assets $4,600 $5,730 $1,130 Accounts payable $550 $480 $(70) Salaries payable 100 50 (50) Bonds payable 1,200 1,600 400 Common stock (no-par) 2,200 2,400 200 Retained earnings 550 1,200 650 Total liabilities andstockholders' equity $4,600 $5,730 $1,130 Income Statement, For Year Ended December 31 Current Year Revenues $6,000 Cost of goods sold 3,400 Depreciation 800 Other expenses 770 Net income $1,030 Additional information for the current year 1. Equipment was sold for its book value of $1,000. 2. Equipment was purchased during the year for $2,400. 3. Dividends declared and paid were $380. Required Prepare the current year statement of cash flows following the indirect method in presenting cash flows from operating activities